Length Of Unemployment

By Tami Luhby
NEW YORK -- The average time Americans spent unemployed dropped a record 2.8 weeks in January ... but hold the applause.
The reason is likely because many people ran out of unemployment benefits so they stopped looking for work, experts said.
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The average length of a job search is at an all-time high in America. For the unemployed, it's now well over 7 months. What's sad is that other studies show people give up looking after 5 months. That's not good.
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